Supreme Court Outlines Principles Governing Exercise of Jurisdiction under Article 227  ||  Supreme Court Grants Anticipatory Bail to Pawan Khera in an FIR Filed by Assam Police  ||  SC Issues Guidelines on Summary Judgment in Commercial Suits under Order XIII-A CPC  ||  J&K&L High Court: Post-Conviction NDPS Bail Cannot Rest on Long Incarceration Alone  ||  Gauhati HC: Promotion Cannot be Withheld Merely Because Investigation is Pending Without Chargesheet  ||  Kar HC: Preventive Detention under Goonda Act Cannot Rest on Offences Committed During Juvenile Age  ||  Bombay HC: National Security Justifies Denial of Police Clearance Certificate  ||  Bombay HC: Comic Remarks Without Malicious Intent Not Religious Insult  ||  J&K&L High Court: Scandalous Allegations Against Judicial Officers in Pleadings Impermissible  ||  P&H HC: Writ Petition Against Private Trust's Contractual Employment Dismissed    

Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1 - (15 Apr 2020)

BANKING

Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the moratorium allowed by the Reserve Bank of India (RBI) by its circular issued on 27th March, 2020. The Court has observed that the intention of the RBI while issuing the regulatory package was to maintain status quo with regard to the classification of accounts of the borrower as they existed on 1st March, 2020.

Tags : DELHI HIGH COURT   RESERVE BANK OF INDIA   STATUS QUO ON ACCOUNT CLASSIFICATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved